EURAUD Technical Outlook

📈 EURAUD Technical Outlook
The EURAUD pair is exhibiting a strong bullish structure, currently consolidating above prior highs after an impulsive breakout. This price behavior suggests a potential continuation move, targeting higher liquidity levels.

🔍 Market Structure & Price Action
Consolidation Above Breakout Zone:
Price is ranging tightly after breaking above previous resistance, indicating accumulation and preparation for the next leg higher.

Clear Buyside Liquidity Zones:
Multiple liquidity pools are visible above the current price, particularly around 1.8145. These areas are likely targets for institutional sweep activity.

Bullish Trend Intact:
The market structure remains firmly bullish with a series of higher highs and higher lows, supported by clean price action and consistent upward momentum.

📊 Indicator Insight – Ichimoku Cloud
Price Above the Cloud:
Price is holding above the Ichimoku Kumo (cloud), which confirms trend strength and provides dynamic support.

Future Kumo:
The leading span is angled upward, further supporting bullish sentiment.

🗓️ Fundamental Watch
Upcoming Australian economic data (as indicated by calendar icons) could serve as a catalyst for volatility and provide the necessary momentum for a breakout.

🎯 Key Technical Levels
Support Zone: 1.7860 – 1.7880 (cloud and structure confluence)

Resistance Target: 1.8145 (liquidity objective)

Bias: Strongly Bullish

Scenario: Minor retracement into the support zone followed by bullish rejection could initiate the next impulsive leg toward the 1.8145 liquidity sweep.

✅ Conclusion
EURAUD is positioned for a potential breakout as buyers accumulate above structural support. A move toward 1.8145 remains likely, provided price sustains above the current consolidation zone. Any bullish confirmation from the support zone may present a favorable long entry opportunity with the liquidity target overhead.